Commonwealth Consolidated Regulations

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Bidder's statement content

             (1)  For section 1444 of the Act, this regulation applies if:

                     (a)  after the FSR commencement, a bidder offers managed investment products as consideration under a takeover bid; and

                     (b)  Division 2 of Part 7.9 of the Act does not apply to the managed investment products when the bidder lodges with ASIC the bidder's statement under section 636 of the Act.

             (2)  Paragraph 636(1)(g) of the Act applies to the bidder's statement as if the managed investment products were securities other than managed investment products.

             (3)  Paragraph 636(1)(ga) of the Act does not apply to the bidder's statement.

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